FOR SALE
EOI Closing Thursday 7th November 24 at

61 Ruthven Street
Harlaxton QLD 4350

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 299m2
Land area: 2956m2
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Garden City Backpackers Freehold Going Concern

L J Hooker Commercial Toowoomba are pleased to offer to the market, for sale the freehold and business of the Garden City Backpackers via Expression of Interest closing 7th November 2024.
This business opportunity is that of the Garden City Backpackers, currently with a net income of $64,810.60*generated from the current business onsite, the property is owner occupied currently with no rental payable and no rental agreement in place.
The freehold opportunity is a 2956m parcel of land improved by a low set brick building comprising of 12 rooms with a selection of double bunk bed share rooms or singles, spacious commercial Kitchen, large lounge area, outdoor Veranda & BBQ area the property also has 2 washrooms & 2 amenities blocks for the use of the occupants during their stay.
Key Features:
- High Exposure to Ruthven Street carrying 24,000 cars per day
- Easy Access to CBD and Public transport.
- Busy agriculture region providing as of right customer base.
- Well positioned to new development and infrastructure projects
- Business Net income: $64,810.60 (Approximate)
- Ability to increase potential onsite with further council approvals.
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Property Details for 61 Ruthven St, Harlaxton

Building Type
Commercial
Floor Size
299m2
Land Size
2956m2

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About Harlaxton 4350

The size of Harlaxton is approximately 5 square kilometres. It has 12 parks covering nearly 10.7% of total area. The population of Harlaxton in 2011 was 2,689 people. By 2016 the population was 2,541 showing a population decline of 5.5% in the area during that time. The predominant age group in Harlaxton is 10-19 years. Households in Harlaxton are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Harlaxton work in a labourer occupation. In 2011, 54% of the homes in Harlaxton were owner-occupied compared with 51.6% in 2016.

Harlaxton has 1,479 properties. Over the last 5 years, Houses in Harlaxton have seen a 77.61% increase in median value, while Units have seen a 111.79% increase. As at 31 October 2024:

  • The median value for Houses in Harlaxton is $537,152 while the median value for Units is $455,259.
  • Houses have a median rent of $450 while Units have a median rent of $390.
There are currently 16 properties listed for sale, and 6 properties listed for rent in Harlaxton on OnTheHouse. According to CoreLogic's data, 70 properties were sold in the past 12 months in Harlaxton.

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Christopher Stewart
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LJ Hooker Commercial Toowoomba
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